Replies to post #30580 on DD Support Board and Research Team

[Sportsjunkie]

It takes them 2 1/2 -3 years to track down the awesome penny promoters of the world who advertise on google,yahoo,aol imagine how long it would take to approve 10 companies for trading....
the pink sheet market is a buyers beware market,it simply is a daytraders market,if you attempt to play it long you will get burnt...
yes in every system you will have career con man that know how to make money off the system,as you mentioned the career shell owners ...

[DryLightning]

the whole thing is just ridiculous.

I agree and add that these scam shells and toxic lenders would not make a dime if not for the "idiot" traders who prey off each other with greed as their only motivation. Shouldn't we regulate greed to solve this problem?

[hedge_fun]

NONE of these companies should be going public until they've proven themselves real businesses first. "Development stage company", as used in the OTC, is a euphemism for "worthless shell company hellbent on fleecing idiots".

This whole "market" puts the cart before the horse. Why would a company need public investment before it has even developed a working business model.

You mean like FB going public after they developed a working business model?

Wasn't that IPO just a pay day for insiders that were.....

hellbent on fleecing idiots

They stated in SEC filings that NONE of the money raised was going for business development, right? Oh wait, that's not the OTC, and they had a proven business model as you said a company should before going public, didn't they?

[stockmasterflash]

It's the "groundfloor" mindset

Everyone wants to get in on the "groundfloor" of the "next big thing"

What pennyplayers don't understand is that even though groundfloor makes money. they aint the groundfloor. They are the sandwich between the insiders with limitless stock and option grants and the toxic financeers with discounted floorless convert stock.

The sandwich gets eaten by the insiders cashing out and the toxics dumping as fast as they receive their conversions.

It's discouraging reading some of the longs on these boards. They post on a single stock. they have endless hope and zero knowledge of business, finance , or the stock market. They get tips from college kids who know even less than they do. What shocked me was looking at the disclosures from some of these IRP's. $50 to promote a stock??? $100??? Why bother with college kids. why not go straight to the local wino or crackhead???